Offering Summary

Overview

4400 Alaska is a 38-unit multifamily community located in the heart of West Seattle’s most popular
neighborhood, The Junction. 4400 Alaska was constructed in 2016 and features condo-quality
finishes throughout. The exterior of the building blends with the eclectic vibe of the neighborhood
with mixed materials such as Ipe wood accents and glass and metal awnings.

Residents of 4400 enjoy sweeping views of the Puget Sound and Olympic Mountains from select
units and the rooftop community deck. Boasting a WalkScore of 94, residents are just steps away
from some of the best nightlife, trendy eateries, and boutique shopping that West Seattle has to offer.

Executive Highlights

38 apartment homes

±1,546 SF of street level retail space: 100% leased

Located in the heart of The Junction: coveted retail hub with ultra-hip businesses

T.O.D. Development: West Seattle approved Light Rail Station located across the street; service beginning 2030

Every five new jobs creates one net new renter; projected 27,720 net new renters between 2017 - 2021 for Puget Sound

4.6% population growth forecasted from 2017 - 2021 for Puget Sound

Location

West Seattle

West Seattle is a vibrant neighborhood located just
five miles southwest of Downtown Seattle, to the
west of the Duwamish River. The area is made up of
several neighborhoods, large parks, and beachfront
with views of the Seattle skyline and the Olympic
and Cascade Mountains. In addition to appealing
to downtown professionals, West Seattle attracts
residents that work in the southend at employers
such as Starbucks, Alaska Airlines, and Boeing’s
737 plant.

Alki Point in West Seattle is considered to be the
founding point of Seattle, before downtown was
moved to its current location. Each year, the summer
regional, month-long Seafair celebration commences
with a reenactment at Alki Beach that commemorates
the landing of the original explorers in 1851.

West Seattle is also home to a year-round Sunday
farmer’s market. The West Seattle Farmer’s Market
features produce and offerings from over 35
Washington State farmers and local food processors.

The Junction

4400 Alaska is located in the heart of West Seattle’s
Junction neighborhood. The cross streets of
California Avenue SW and SW Alaska Street are
considered “The Junction.” This intersection and
surrounding area is host to a myriad of restaurants,
cafes, and unique shops. The Junction is an eclectic
mix of early twentieth century Craftsman-style homes
and new modern apartment complexes. A variety of
events take place around The Junction, from monthly
art walks to open-mic nights, beer and wine tastings,
and seasonal events.

With a WalkScore of 94, The Junction is considered
a “Walker’s Paradise”. Less than half a mile from the
West Seattle Bridge, The Junction is also convenient
to Downtown Seattle employers and amenities.

Admiral District

The Admiral neighborhood of West Seattle is located
at the northernmost point of the West Seattle
peninsula. Admiral successfully combines a beautiful
residential area with ultra-hip businesses and unique
culture. The main arterials in Admiral are California
Avenue and Admiral Way where residents can enjoy
eclectic shops, boutique eateries, and the historic
Admiral Theatre. Popular destinations include
Metropolitan Market, PCC Community Markets,
Hiawatha Park, The Swinery, Prost!, and Luciano’s.
The Admiral neighborhood hosts their own events
like clean-up days, outdoor concerts, community
forums, and art walks.

The Triangle

4400 Alaska is located one half mile from West
Seattle’s Triangle neighborhood, the popular area is
bisected by 35th Avenue SW, SW Alaska Street, and
Fauntleroy Way. This triangular shaped neighborhood
is a part of the West Seattle Junction “urban village,”
which has been a hub for redevelopment and growth
in the area. There are several nearby restaurants and
amenities, and numerous transportation options,
such as King County Metro bus routes, the RapidRide
bus network, Washington State Ferries, and the West
Seattle Water Taxi.

West Seattle #1 for Tech Transplants

Recently named most popular neighborhood in the nation for techies fleeing CA (Seattle Times)

Employers

Employment Growth Drivers

Downtown Seattle adding an average of 25 new jobs per day since 2010: nearly 300,000 jobs

South Lake Union has become a life science employment hub and is one of the fastest growing centers in the nation

Amazon

Founded by Jeff Bezos in 1994, Amazon is the global
leader in e-commerce and cloud computing with their
world headquarters in Seattle. Amazon’s cloud computing
services are among the largest in the world, serving
everyone from small companies to large corporations and
government agencies. In 2015, Amazon surpassed Walmart as the most valuable retailer
in the U.S. by market capitalization. Amazon is the largest internet company in the world
and the fourth most valuable public company in the world. Additionally, Amazon is the
eighth largest employer in the United States.

Amazon’s Headquarters

In December 2012, Amazon purchased three city blocks from the Clise Family in the Denny Triangle along Westlake Avenue, between Sixth Avenue and Blanchard, for $207.5 million. The site is now home to their 3.3 million square foot expansion including three office towers as tall as 38 floors, a 40,000 square foot auditorium, an Awareness Garden, and a neighborhood walking/jogging trail. The first two phases; 1.1 million square feet each, have already opened. The final 1.1 million square foot phase is expected for occupancy next year.

Amazon recently exercised an option to purchase another half block from the Clise Family for $19.2 million at 2205 Seventh Avenue, just across the street from their 3.3 million square foot expansion. Amazon’s headquarters in Seattle’s South Lake Union neighborhood has grown to include over 13 million square feet of leased and owned real estate with full occupancy expected by 2022.

Boeing

Just 15 minutes north of the Property sits Boeing’s Everett Factory, Boeing continues to produce the 737 out of their Renton Factory, which is still the bestselling commercial aircraft in the world. Boeing was also awarded the Navy’s Multi-mission Maritime Aircraft contract and will build what is projected to be 300 of the new submarine hunters at the Renton plant. Boeing employs nearly 12,000 workers out of its Renton location and remains the largest employer in Kent, which is home to over 10,000 employees and three of the aerospace giant’s six major business divisions: Boeing Commercial Airplanes, Boeing Capital Corporation, and the Shared Services Group.

Boeing also produces the new 737 MAX out of its Renton plant which is the fastest selling airplane in Boeing’s history. With its first delivery completed in May 2017, the new airplane already has over 3,800 orders.

Boeing has gone on a building spree for its Next-Generation 737, recently increasing its production rate from 42 planes per month up to 48 planes as of July 2017. Boeing previously announced plans to produce up to 52 planes per month by 2018. Boeing delivered a record high 762 airplanes in 2015 and currently has over 5,700 orders for commercial airliners.

Boeing Field

King County International Airport, also known as Boeing Field, is less than 15 minutes south of 4400 Alaska. The airport is just south of Georgetown and extends further south into Tukwila with a total of 594 acres. Boeing Field is one of the busiest primary non-hub airports in the country and supports over 5,200 direct jobs. The airport serves small commercial passenger airlines, cargo carriers, private aircraft owners, helicopters, corporate jets, military, and other aircraft.

Boeing currently has operations at the airport, including final preparations for 737’s, flight test facilities, and a paint hangar.

Swedish — West Seattle

Swedish Medical Center offers a primary care clinic in West Seattle, just one mile north of 4400 Alaska. The Swedish West Seattle Primary Care clinic offers several services, ranging from family medicine to minor surgical procedures.

Swedish Medical Center is an established regional health care provider, operating in the Seattle area for over 100 years. They are also the largest nonprofit health provider in the Greater Seattle region, with five hospitals throughout the area, specialty care and emergency rooms in Redmond and Mill Creek, over 100 primary care and specialty clinics that comprise the Swedish Medical Group, and relationships with suburban hospitals and physician groups.

Starbucks

Starbucks got its start in 1971 at Pike Place Market in downtown Seattle with the intention of being a world-wide coffee roaster and retailer with the best coffee on the market. 45 years later, Starbucks is still operating their Pike Place Market storefront in addition to over 26,700 locations around the world and is the best-known coffeehouse chain globally. Starbucks’ corporate headquarters is located only 10 minutes from 4400 Alaska in Seattle’s SoDo neighborhood.

In October 2015, Starbucks hired its first Chief Technology Officer to lead their technology team. The company has been growing their technology team which is based out of the Seattle headquarters ever since. As of July 2017, 9% of U.S. purchases were made on customer’s mobile phones using the Starbucks app, up 50% from last year. Approximately 3,500 people work at Starbucks’ Corporate office with approximately 1,000 in technology development.

Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with nearly 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Arizona, and Nevada. For more information, visit www.kiddermathews.com.

This information supplied herein is from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR.